Evermay Wealth Management LLC Decreases Holdings in The Home Depot, Inc. (NYSE:HD)

Evermay Wealth Management LLC trimmed its holdings in shares of The Home Depot, Inc. (NYSE:HD) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,189 shares of the home improvement retailer’s stock after selling 41 shares during the period. Evermay Wealth Management LLC’s holdings in Home Depot were worth $2,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new stake in shares of Home Depot during the second quarter worth about $25,000. Kings Path Partners LLC acquired a new stake in shares of Home Depot during the second quarter worth about $33,000. Denver PWM LLC acquired a new stake in shares of Home Depot during the second quarter worth about $40,000. Livelsberger Financial Advisory acquired a new stake in shares of Home Depot during the third quarter worth about $46,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Home Depot during the second quarter worth about $47,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

Home Depot Price Performance

Shares of NYSE:HD opened at $393.80 on Friday. The business’s 50 day simple moving average is $392.17 and its 200-day simple moving average is $361.25. The firm has a market capitalization of $390.50 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.78 and a beta of 1.00. The company has a debt-to-equity ratio of 11.74, a current ratio of 1.15 and a quick ratio of 0.33. The Home Depot, Inc. has a 12 month low of $281.61 and a 12 month high of $421.56.

Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, topping the consensus estimate of $4.59 by $0.08. The business had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. Home Depot had a return on equity of 681.27% and a net margin of 9.71%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.65 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.01 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Thursday, August 29th were paid a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Thursday, August 29th. Home Depot’s payout ratio is currently 60.36%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HD shares. DA Davidson lifted their target price on Home Depot from $430.00 to $466.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Gordon Haskett upgraded Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target on the stock in a research report on Wednesday, October 2nd. Oppenheimer boosted their price target on Home Depot from $345.00 to $400.00 and gave the company a “market perform” rating in a research report on Tuesday, September 24th. UBS Group boosted their price target on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $360.00 price target on shares of Home Depot in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Depot currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.48.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.